| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.5B | 5.6% | -2.1% |
| Op. Income | $319M | $223M | $366M | 43.1% | -13.0% |
| Gross Margin | 53.9% | 51.8% | 54.7% | 2.2pp | -0.8pp |
| Net Margin | 19.0% | 10.9% | 16.8% | 8.1pp | 2.3pp |
| EPS (Diluted) | $4.65 | $2.52 | $4.18 | 84.5% | 11.1% |
| Free Cash Flow | -$1.3B | $323M | $265M | -514.4% | -605.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $676M |
| GROSS PROFIT | $792M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $445M |
| SG&A Expenses | $445M |
| Other Expenses | $29M |
| Operating Expenses | $473M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $319M |
| Interest Income | $1.2B |
| Interest Expense | $401M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $319M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $288M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $279M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $279M |
| D&A | $36M |
| EBIT | $319M |
| EBITDA | $355M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $676M |
| GROSS PROFIT | $792M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $445M |
| SG&A Expenses | $445M |
| Other Expenses | $29M |
| Operating Expenses | $473M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $319M |
| Interest Income | $1.2B |
| Interest Expense | $401M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $319M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $288M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $279M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $279M |
| D&A | $36M |
| EBIT | $319M |
| EBITDA | $355M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $279M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $53M |
| Change in Working Capital | -$1.6B |
| OPERATING CASH FLOW | -$1.2B |
| Capital Expenditure | -$123M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $75M |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$68M |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | -$1.3B |
| Net Change in Cash | $384M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.0B |
| Short-Term Investments | $0 |
| Net Receivables | $6.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12.0B |
| PP&E (Net) | $955M |
| Goodwill | $1.9B |
| Intangible Assets | $157M |
| Long-Term Investments | $45.4B |
| Tax Assets | $76M |
| Other Non-Current Assets | $930M |
| TOTAL NON-CURRENT ASSETS | $49.3B |
| TOTAL ASSETS | $61.4B |
| Account Payables | $387M |
| Short-Term Debt | $646M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40.0B |
| TOTAL CURRENT LIABILITIES | $41.1B |
| Long-Term Debt | $10.2B |
| Deferred Revenue NC | $325M |
| Deferred Tax Liabilities | $368M |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $12.8B |
| TOTAL LIABILITIES | $53.9B |
| Common Stock | $134M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3.6B |
| Other Equity | $741M |
| TOTAL STOCKHOLDERS' EQUITY | $6.9B |
| Minority Interest | $504M |
| TOTAL EQUITY | $7.4B |
| TOTAL LIABILITIES & EQUITY | $61.4B |
| Total Debt | $10.9B |
| Net Debt | $5.9B |
